Odaily: U.S. consumer sentiment slumped in early October as inflation continued to weigh on households, with views of current economic conditions dropping to a record low. According to a survey released by the University of Michigan on Friday, the preliminary consumer sentiment index fell to 46.3, the lowest since May and below the median economist estimate of 47.6. The current conditions index fell to 44.7 from 50.9 last month, the lowest on record. The expectations index rose to 47.3 from 46.3, its first increase since July.

Consumers expect prices to rise 4.7% over the next year, slightly above last month's 4.6%. They expect prices to rise at an annual rate of 3.5% over the next five to 10 years, also slightly above the September reading. Joanne Hsu, who oversees the survey, said in a statement that sentiment fell sharply this month among lower-income consumers and those with smaller stock portfolios. Rising confidence among Democratic and Republican supporters was offset by declining confidence among independents. "Despite their different stances, consumers across the political spectrum believe the economic outlook has weakened compared with earlier this year, before the outbreak of the Iran conflict," Hsu said.

Odaily reports that Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.

Odaily reports: CZ shared self-custody security advice, stating that users who purchase hardware wallets or download new software wallets should wait several weeks before transferring large amounts of funds into them.

CZ said that during the waiting period, users should pay attention to relevant security news, including hacking incidents, because hardware devices may be tampered with, and official wallet software websites may also be attacked. He reminded that while self-custody enhances asset control, it also means users need to bear more security responsibility.

Odaily News: According to a notice published on the White House website on Friday, U.S. President Trump announced the establishment of a dedicated committee to investigate allegations against Federal Reserve Governor Lisa Cook. According to the notice dated October 7, Trump stated: "To assist me in fulfilling this responsibility, the committee will investigate the allegations against Governor Cook and report to me whether there exists 'good cause' to remove Governor Cook." This investigation will focus on assessing whether Cook meets the conditions for removal under the law, and does not currently mean that she has been removed.

Odaily reports that CZ posted a warning urging Ledger hardware wallet users to be more vigilant, especially those who recently purchased devices. He stated that based on currently available information, the incident appears to be related to a supply chain attack involving a certain vendor, and a small number of users may have purchased counterfeit or tampered Ledger devices.

CZ said that Ledger is one of the most established and secure hardware wallets in the industry, having long withstood market tests, but similar incidents can still occur. He expressed hope and belief that BNB ecosystem participants and the entire crypto industry will assist in tracking and recovering the related funds.

Odaily reports that the preliminary reading for the US one-year inflation rate expectation in October came in at 4.7%, versus an expected 4.7% and a previous reading of 4.60%. (Jinshi)

Odaily reports that at 21:16 Beijing time, an address transferred 2,000 BTC worth approximately $166 million to Bitfinex. On-chain data shows that the address held approximately 3,589 BTC before the transfer and still holds approximately 1,589 BTC.

Odaily reports that New York Attorney General Letitia James announced on Friday a settlement regarding Celsius former CEO Alex Mashinsky's alleged fraud against investors, securing up to $35 million in contingent damages and requiring his permanent exclusion from the securities, commodities, and cryptocurrency industries.

Previously, the U.S. Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) had also imposed industry bans on Mashinsky. Mashinsky is currently serving a 12-year prison sentence. Meanwhile, Celsius creditors have received over $3.4 billion in compensation through the company's bankruptcy proceedings.

Odaily reports that Ledger Support posted on X platform stating that it is currently investigating a theft of assets involving Southeast Asian users, who had purchased devices through reseller CryptoBilis. Ledger has asked CryptoBilis to suspend sales and shipments, and recommends that users who purchased devices through this reseller within the past 90 days refrain from initializing their devices; users who have already completed setup should create a new Ledger signing device using a new mnemonic phrase and transfer their assets to a new wallet.

On-chain investigator Specter previously estimated that this incident has led to the theft of hundreds of wallets across Bitcoin, Ethereum, and Tron networks, with losses exceeding $86 million. Security researcher tanuki42 previously estimated losses had exceeded $72 million and stated that the amount is still increasing. Currently, the specific cause of the incident and whether the affected devices have security vulnerabilities remain to be investigated and confirmed.

According to Odaily, Bitcoin Treasuries posted on X platform that U.S. President Donald Trump disclosed that he purchased an additional $1,001 to $15,000 worth of Strategy stock in August while Strategy's share price had fallen to $97. Strategy's stock price has since risen over 55%.

Odaily News: Dragonfly Managing Partner Haseeb Qureshi stated that the "bunker mode" proposed by Ethereum researcher Justin Drake to address the risk of AI cracking cryptographic signatures amounts to "cryptographic doomerism," and argued that migrating tokens to new addresses is not a real solution.

Qureshi said that "bunker mode" can only protect assets that users have not yet transferred out of new addresses. If tokens in other addresses are attacked and heavily sold off, those assets could still lose value. He suggested that blockchain networks adopt a "Cryptographic Recovery Mode," using hash-based backup signature schemes that allow users to bind recovery mechanisms in advance, so that validators can assist in recovering assets after cryptographic signatures are cracked.

Previously, Ethereum researcher Justin Drake warned that with the rapid improvement of AI mathematical capabilities, the ECDSA signature algorithm protecting crypto wallets could face the risk of being cracked within "months rather than years," and advised users to gradually migrate funds to new wallets that have not exposed public keys. Glassnode data shows that approximately 6.26 million BTC are currently held in addresses with potential risk. (Cointelegraph)

Odaily reports that according to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 3,412 BTC, with a 7-day net outflow of 6,747 BTC, while Ethereum ETFs saw a net outflow of 38,576 ETH, with a 7-day net outflow of 206,680 ETH.

According to on-chain analyst Ai Yi, address 58bro.eth deposited 3,000 ETH (approximately $7.53 million) to #OKX one hour ago. These tokens were withdrawn 5 days ago at a price of $2,702.35, and the deposit price this time was $2,512.13, a rapid shrinkage of 7%.

Odaily News: U.S. long-term Treasury yields have recently climbed back to their highest levels in over two decades, but what Wall Street is truly wary of is not just whether the Federal Reserve will continue raising rates—it's an indicator that has rarely drawn attention from ordinary investors in the past: the term premium is rising rapidly.

According to the New York Fed's model, the term premium on 10-year U.S. Treasuries has risen by approximately 40 basis points since mid-September to around 0.98%, reaching its highest level since 2014. Over the same period, the 10-year Treasury yield rose by about 30 basis points. Another model that incorporates economists' forecasts for Fed rates shows the 10-year term premium has climbed to 1.08%, the highest since 2010.

Frank Rybinski, head of macro strategy at Aegon Asset Management, said that while different models produce varying results, all indicators currently point in the same direction—the term premium is rising, which means this round of long-end rate increases may prove more persistent than a rally driven purely by Fed policy expectations.

Odaily reports, citing official French data: between January 1 and mid-August 2026, France recorded a total of 90 crypto-related kidnapping, extortion, threat, and violent theft cases, with police carrying out 223 arrests; from January to July, 126 people were imprisoned. According to Chainalysis, as of mid-2026, France had 30 publicly recorded crypto-related violent attacks; Gart.io tracked 73 real-world attacks in France during the year, higher than 66 in the United States and 27 in the United Kingdom. Eric Jardine, head of research at Chainalysis, said the increase in attacks may be related to large-scale data leaks, and the leaked information may include the identities, addresses, and asset information of cryptocurrency holders.

Odaily News: According to MSX.COM data, SpaceX (SPCX.O) rose 3.3%. On the news front, the company reached an agreement to acquire a nationwide low-band spectrum portfolio.

In addition, the three major U.S. telecom carriers fell sharply at the open, with T-Mobile US (TMUS.O) down 9.6%, AT&T (T.N) down 8.2%, and Verizon (VZ.N) down 6%.